secwatch.observer — SEC 8-K summary
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Issuer:     Pebblebrook Hotel Trust (PEB)
CIK:        0001474098
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001474098-24-000137
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pebblebrook Q3 net income $45.1M; cuts FY2024 outlook on hurricane impact
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- Q3 net income $45.1M; Adjusted FFO per share $0.59, down 3.3% YoY; Same-Property RevPAR up 2.7%.
- Hurricanes Debby/Helene reduced Q3 revenue $1.2M, EBITDA $1.5M; RevPAR growth trimmed 30 bps.
- Issued $400M senior notes at 6.375% due 2029; used $353M to repay term loans; extended $787M credit facilities to Dec 2026.
- FY2024 outlook: net loss ($19.4M)-($15.4M); Adjusted EBITDAre midpoint cut $7.5M to $346-350M; hurricane Milton impact $11.5M.
- Rebranded Hyatt Centric Delfina Santa Monica; $16M property refresh began Nov 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000137/0001474098-24-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474098/000147409824000137/peb-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001474098-24-000137

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